Dril-Quip Challenges Comments On Glass Lewis Report; Urges Stockholders To Vote "FOR" Merger with Innovex Downhole Solutions
Portfolio Pulse from Benzinga Newsdesk
Dril-Quip is urging its stockholders to vote in favor of a merger with Innovex Downhole Solutions, despite a critical report from Glass Lewis. The board believes the merger is the best value-maximizing option.
August 28, 2024 | 1:22 pm
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Dril-Quip is advocating for a merger with Innovex Downhole Solutions, countering a negative report from Glass Lewis. The board believes this merger is the best strategic option.
Dril-Quip's board is strongly advocating for the merger, suggesting it is a strategic move to maximize value. The negative report from Glass Lewis may create some uncertainty, but the board's unanimous support indicates confidence in the merger's benefits.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100